The Fed Just Got the Perfect Cover for the Collapse of the US Economy
"The public doesn’t realize it yet, but many of the businesses that shut down over the past couple months are not coming back."
"The public doesn’t realize it yet, but many of the businesses that shut down over the past couple months are not coming back."
"... the Powers That Be have been working on this for well nearly a decade."
"I don’t want to see this massive accumulation of debt destroy this great country."
"Establishing a just and equitable distribution of mutually raised funds to bail out private sectors across borders will be politically almost impossible."
"Write-offs for the One Percent, and more indebtedness for everyone else."
"Bear markets END when things simply can’t “get any worse.”"
This index has gone up 112x since 1973. Once this market turns, the fall can be very rapid.
“Global debt — both public and private — has reached an all-time high of $188 trillion. This amounts to about 230 percent of world output,” Georgieva said in a speech to open a two-day conference on debt.
Personal loan balances rose to $305 billion in Q2 2019, an increase of 12% year over year, and double the growth of credit card debt, the next-highest category.
In America today, financial difficulties are one of the biggest reasons why so many of us are completely stressed out, and the next recession hasn’t even officially begun yet.